Rough Stuff makes 2 products: khaki shorts and khaki pants for men. Each product passes through the cutting machine area, which is the chief constraint during production. Khaki shorts take 15 minutes on the cutting machine and have a contribution margin per pair of shorts of $17. Khaki pants take 24 minutes on the cutting machine and have a contribution margin per pair of pants of $34. If it is assumed that Rough Stuff has 4,800 hours available on the cutting machine to service a minimum demand for each product of 3,000 units, how much will profits increase if 88 more hours of machine time can be obtained?
Q: ena Technology sells arc computer printers for $56 per unit. Unit product costs are: Direct…
A:
Q: 1 State four data items relating to the holding of equity shares in a single company that could be…
A: Balance sheet A balance sheet is a financial statement that records the assets and liabilities for a…
Q: Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as…
A: Solution: Dividend per share = Total dividends to particular class / Nos of shares held in…
Q: At January 1, 2020, Buffalo Company’s outstanding shares included the following. 298,000 shares of…
A: Earning per share is the ratio of earnings per outstanding share of common stock. Weighted average…
Q: a. Prepare a multiple-step income statement for the fiscal year ended March 31, 20Y9. Royal…
A: Solution Concept Multi step income statement is the income statement where the operating and non…
Q: Problem 8-2 (IAA) On October 1, 2021, Home Company issued to Security Bank a P6,000,000, 8-month,…
A: Note Payable: Note payable arises when an entity raises a note to third party instead of paying…
Q: egarded as a primary to nning? Discuss within
A: A business needs funds to run its operations. It needs money to run its day-to-day operations and to…
Q: On January 1, 2022, Frank Co. and Richard, Inc. combined. As of this date, the fair values of the…
A: Net Assets: Net assets is the adjusted value determined by deducting the total liabilities from the…
Q: Using Least Square method compute for the variable and fixed cost Month Direct Labor Cost of…
A: The question is related to Least square method. Least Square Method: This is the best method to…
Q: rald Service anticipates the following sales revenue over e-month period Its collection history…
A: This question relates to working capital management wherein the account receivables are being…
Q: Business Income-Philippines 1,000,000.00 Business Income-Abroad 500,000.00 Rent Income on property…
A: Particulars Amount Amount Income from Business Business income- Philippines…
Q: During a recent IRS audit, the revenue agent decided that the Parker family used their closely held…
A: given During a recent IRS audit, the revenue agent decided that the Parker family used their…
Q: Aman bonowed $3700 from a bank for 6 months Afriend was cosigner of the man's personal note. The…
A: Future Value: Using an expected rate of growth, future value (FV) is defined as the worth of a…
Q: 14. In prior years, the taxpayer's adjusted AMI and Adjusted AMT $25,000 $15,000 Minimum Tax Credit…
A: The adjusted minimum tax paid in previous year is allowed as minimum tax credit in future so the…
Q: ighton, Inc., manufactures kitchen tiles. The company recently expanded, and the controller belle…
A: IS termed as Income statement which refers to the one of the FS (Financial statement of business)…
Q: Barker, Inc. had reported the folowing details for the year ended December 31, 2019: Net sales…
A: The asset turnover ratio is calculated as ratio of sales and average total assets
Q: Charlotte Company produces folding chairs. It takes the company 18,000 hours to produce 90,000…
A: GIVEN Charlotte Company produces folding chairs. It takes the company 18,000 hours to produce…
Q: Class Exercise – Crafting of Financial statements Develop the Statements of P&L and Financial…
A: The question is related to Profit and Loss Account and Financial Position as on September 30th,…
Q: On November 1, Kotler Company accepted a 3-month note receivable as payment for services provided to…
A: From November 1 to December 31 = 2 months Interest accrued on December 31 = $9,000 x 6% x 2/12 = $90…
Q: d debt percentage
A: The net rate of return is the return on an asset after expenses such as taxes, depreciation, and…
Q: If Comcast is upgrading its cable boxes and has 650 obsolete boxes in ending inventory. ITI Box cost…
A: Solution: Under FIFO method, inventory purchased first should be considered as sold first keeping…
Q: The TimpRiders LP has operated a motorcycle dealership for a number of years. Lance Is the limited…
A: given The TimpRiders LP has operated a motorcycle dealership for a number of years. Lance is the…
Q: Hello, in the above question 3 on the change in policy on the depreciation why not calculate the…
A: Depreciation is the loss in the value of the asset caused due to its usage, wear and tear. There are…
Q: Question 16 The undepreciated capital cost (UCC) is equal to
A: The undepreciated Capital cost is depreciated tax cost of depreciable property. It is calculated as…
Q: ANGEL Company has purchased raw materials amounting to P800,000 from its major supplier on February…
A: The correct answer for the above mentioned question is given in the following steps for your…
Q: 2. Rue Company makes several types of graphic tablets. One factory specializes in two types, the…
A: Since you have posted a question with multiple sub-parts, we will do the first three sub-parts for…
Q: 1. Calculate the bond issue price assuming a market interest rate of 7% on the date of issue 2.…
A: Journal entries refers to the official book of a company which is used to record the day to day…
Q: 2a.Harry and Sally formed the Evergreen partnership by contributing the following assets in exchange…
A: Partnership is a formal agreement between two person or group to operate the business or firm to…
Q: How much was cash was distributed to the partners?
A: Dissolution of partnership is the process by which the relationship between the partners is…
Q: Problem 4: Pensions Davidson Company has a defined benefit plan with the following information for a…
A: Pension Accounting: Pension accounting is a practice made for computing the amount of pensions made…
Q: Sarasota, Inc. provided the following information: July August Projected sales $234,000…
A: The cash disbursement is calculated as total cash payment made during the given period.
Q: Why are market-based weights used instead of book-value-based weights when computing the weighted…
A: Market value is that present worth of the firm or any resource in the market on which it tends to be…
Q: Molina Corporation issues 5,000, 10-year, 8%, $1,000 par value bonds dated January 1, 2017, at a…
A: Premium on bonds payable = Issue value of the bonds - Face value of the bonds where, Issue value of…
Q: Windborn Company has 20,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of…
A: Solution: In order to compute dividend per share for each class of stockholders, first we compute…
Q: much income tax is paid on 512500 of taxable income. Single Taxable Income Tax Brackets and…
A: The question is related to taxation and is of computation of tax payable on taxable income of 512500…
Q: Expert Lawn Services offers customers a reduced price for lawn care if they pay for 6 months service…
A: Advance Revenue Recognition: The receipt of an advance does not constitute sufficient proof of a…
Q: Closing Entries; Net Income On March 31, 20Y9, the balances of the accounts appearing in the ledger…
A: Closing entry is a journal entry, to close the temporary accounts. The closing entries are prepared…
Q: Question 5(C)Companies raised capital through several different sources:
A: Capital for Business: In the business world, capital refers to the total amount of financial assets…
Q: The Tori Company had budgeted production for the year as follows: Quarter 1 2 3 4 Production in…
A:
Q: Rundle Airline Company is considering expanding its territory. The company has the opportunity to…
A: Payback period is the period during which the initial investment in a project will be recovered with…
Q: Mr Zoo is planning to set up a mini Zoo in Howick. The following relates to different pricing…
A: Variable Cost: Variable cost is one of the part of total manufacturing cost which variates with the…
Q: 1. Net cash provided by financing activities 2. Net cash used by investing activities
A: 1. Collection of accounts Receivables and payment of accounts payable won't affect…
Q: a) Prepare Cash Book
A:
Q: Pharoah Company manufactured 6,720 units of a component part that is used in its product and…
A: given Pharoah Company manufactured 6,720 units of a component part that is used in its product and…
Q: 15.4A The statements of financial position and additional information relating to Pennylane Ltd are…
A: Cash flow statement A cash flow statement is one of the important financial statements that depict…
Q: Mr Zoo is planning to set up a mini Zoo in Howick. The following relates to different pricing…
A: The contribution margin ratio is the percentage difference between a company's revenue and variable…
Q: Rocky Mountain Corporation makes two types of hiking boots—Xactive and Pathbreaker. Data concerning…
A: Solution 1: Determination of activity rate for each activity & allocation of overhead…
Q: 3. The following transactions involving marketable securities investments of KLM Co., occurred…
A: Investment in Marketable Securities Investment in marketable securities which is either it invested…
Q: TB TF Qu. 09-28 (Static) The amount of Federal Insurance Contributions Act (FICA) tax. The amount of…
A: In this question, we just ask that the statement is True or False.
Q: The following is data collected by Bees Co. for the month of June: Static budget data: Sales…
A: The variance is the difference between the actual data and standard output of the production.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Power Corp. makes 2 products: blades for table saws and blades for handsaws. Each product passes through the sharpening machine area, which is the chief constraint during production. Handsaw blades take 15 minutes on the sharpening machine and have a contribution margin per blade of $15. Table saw blades take 20 minutes on the sharpening machine and have a contribution margin per blade of $35. If it is assumed that Power Corp. has 5,000 hours available on the sharpening machine to service a minimum demand for each product of 4,000 units, how many of each product should be made?Rough Stuff makes 2 products: khaki shorts and khaki pants for men. Each product passes through the cutting machine area, which is the chief constraint during production. Khaki shorts take 15 minutes on the cutting machine and have a contribution margin per pair of shorts of $16. Khaki pants take 24 minutes on the cutting machine and have a contribution margin per pair of pants of $32. If it is assumed that Rough Stuff has 4,800 hours available on the cutting machine to service a minimum demand for each product of 3,000 units, how much will profits increase f 100 more hours of machine time can be obtained?Box Springs, Inc., makes two sizes of box springs: twin and double. The direct material for the twin is $25 per unit and $40 s used in direct labor, while the direct material for the double is $40 per unit, and the labor cost is $50 per unit. Box Springs estimates it will make 5,000 twins and 9,000 doubles in the next year. It estimates the overhead for each cost pool and cost driver activities as follows: How much does each unit cost to manufacture?
- Use the information provided to create a standard cost card for production of one glove box switch. To make one switch it takes 16 feet of plastic-coated copper wire and 0.5 pounds of plastic material. The plastic material can usually be purchased for $20.00 per pound, and the wire costs $2.50 per foot. The labor necessary to assemble a switch consists of two types. The first type of labor is assembly, which takes 3.5 hours. These workers are paid $27.00 per hour. The second type of labor is finishing, which takes 2 hours. These workers are paid $29.00 per hour. Overhead is applied using labor hours. The variable overhead rate is $14.90 per labor hour. The fixed overhead rate is $15.60 per hour.Salley is developing material and labor standards for her company. She finds that it costs $0.55 per pound of material per widget. Each widget requires 6 pounds of material per widget. Salley is also working with the operations manager to determine what the standard labor cost is for a widget. Upon observation, Salley notes that it takes 3 hours in the assembly department and 1 hour in the finishing department to complete one widget. All employees are paid $10.50 per hour. A. What is the standard materials cost per unit for a widget? 8. What is the standard labor cost per unit for a widget?Box Springs. Inc., makes two sizes of box springs: queen and king. The direct material for the queen is $35 per unit and $55 is used in direct labor, while the direct material for the king is $55 per unit, and the labor cost is $70 per unit. Box Springs estimates it will make 4,300 queens and 3,000 kings in the next year. It estimates the overhead for each cost pool and cost driver activities as follows: How much does each unit cost to manufacture?
- Rough Stuff makes 2 products: khaki shorts and khaki pants for men. Each product passes through the cutting machine area, which is the chief constraint during production. Khaki shorts take 15 minutes on the cutting machine and have a contribution margin per pair of shorts of $17. Khaki pants take 24 minutes on the cutting machine and have a contribution margin per pair of pants of $34. If it is assumed that Rough Stuff has 4,800 hours available on the cutting machine to service a minimum demand for each product of 3,000 units, how much will profits increase if 88 more hours of machine time can be obtained? $????Rough Stuff makes 2 products: khaki shorts and khaki pants for men. Each product passes through the cutting machine area, which is the chief constraint during production. Khaki shorts take 15 minutes on the cutting machine and have a contribution margin per pair of shorts of $17. Khaki pants take 24 minutes on the cutting machine and have a contribution margin per pair of pants of $34. If it is assumed that Rough Stuff has 4,800 hours available on the cutting machine to service a minimum demand for each product of 3,400 units, how many of each product should be made? Khaki shorts fill in the blank 1 pairs Khaki pants fill in the blank 2 pairsRough Stuff makes 2 products: khaki shorts and khaki pants for men. Each product passes through the cutting machine area, which is the chief constraint during production. Khaki shorts take 15 minutes on the cutting machine and have a contribution margin per pair of shorts of $16. Khaki pants take 24 minutes on the cutting machine and have a contribution margin per pair of pants of $32. If it is assumed that Rough Stuff has 4,800 hours available on the cutting machine to service a minimum demand for each product of 3,000 units, how many pairs of pants should be made?
- Rough Stuff makes 2 products: khaki shorts and khaki pants for men. Each product passes through the cutting machine area, which is the chief constraint during production. Khaki shorts take 15 minutes on the cutting machine and have a contribution margin per pair of shorts of $16. Khaki pants take 24 minutes on the cutting machine and have a contribution margin per pair of pants of $32. If it is assumed that Rough Stuff has 4,800 hours available on the cutting machine to service a minimum demand for each product of 3,000 units, how many pairs of khaki shorts should be made? a. buy the roll b. make the rollRough Stuff makes 2 products: khaki shorts and khaki pants for men. Each product passes through the cutting machine area, which is the chief constraint during production. Khaki shorts take 15 minutes on the cutting machine and have a contribution margin per pair of shorts of $16. Khaki pants take 24 minutes on the cutting machine and have a contribution margin per pair of pants of $32. If it is assumed that Rough Stuff has 4,800 hours available on the cutting machine to service a minimum demand for each product of 2,800 units, how many of each product should be made? Khaki shorts pairs Khaki pants pairs FeedbackRough Stuff makes 2 products: khaki shorts and khaki pants for men. Each product passes through the cutting machine area, which is the chief constraint during production. Khaki shorts take 15 minutes on the cutting machine and have a contribution margin per pair of shorts of $15. Khaki pants take 24 minutes on the cutting machine and have a contribution margin per pair of pants of $30. If it is assumed that Rough Stuff has 4,740 hours available on the cutting machine to service a minimum demand for each product of 3,000 units, how many of each product should be made? Khaki shorts pairs Khaki pants pairs